Spreadbet Magazine has been a big proponent of Bowleven in recent months, advocating a Conviction Buy on the stock on the 6 June @ 59p and adding last week at 68.5p. We can see in the chart below that a “saucer bottom” has been in the making over the last few months following the swift…
Today marks the arrival of Eland Oil and Gas onto AIM, the largest float for 3 years on the small cap market. The company is raising £118m (£106.8m net) through a placing of shares at £1, giving it a market capitalisation of £134 million. It also has a $22 million banking facility and has made…
The 2 charts below caught my eye this weekend in unison with the publication of the the National Association of Active Investment Managers (NAAIM) sentiment survey which measures the overall equity exposure of active money managers who are either long or short the stock market. This week’s reading of 82.89 in the NAAIM survey is…
Tomorrow will see the return to work of many traders and fund managers who have no doubt been escaping the miserable British summer and volume should return to the markets. The year to date has been one of constant threats of implosion from Euro-land and relatively little action, save for the usual skirting around the…
For more research & Technical Analysis from Cantor Index click here to register. Monday, September 3, 2012 UK Reporting:- City Of London Investment Gr, CLIG, (R), Ecofin Water & Power Opp-Ord, ECWO, (SM), Kofax Plc, KFX, (R), Kofax Plc, KFX, e, (CC) S&P 500 Reporting:- None Detailed S&P 500 Ex Dividends (gross):- None Detailed Euro Stoxx 600 Reporting:- Helvetia Holding AG,…
Well, I have not been trading that much throughout August after a tricky end to July and, as August was a low volume month with lots of traders going on holiday etc… However, towards the latter part of last week and this week I have begun trading the EUR pairs again. I had my eye…
It piqued our interest to see that volume in XEL continued to be heavy today coming on top of 2 prior days of strong volume. There was also heavy demand into the closing auction with just under 160k shares traded at 112p – nearly 3p higher than the VWAP and a good 4p higher than…
In another worrying sign for Ivan Glasenberg, CEO of Glencore, it has been made known to the press that US hedge fund Knight Vinke Asset Management LLC, a shareholder in Xstrata is to vote against the takeover of the British miner by Swiss commodities trader Glencore International Plc unless the terms of the deal are “materially”…
Simon Fox News that the “wily” Mr Fox – the architect of a £1bn (yes that’s billion) decimation of shareholder value while at the helm of HMV for 6 years – the very same chap that bought Waterstones for £300m and sold it for £53m, the self same one that bought Ottakars for £63m and…
